Incoming MD and CEO designate Mohit Joshi, who will take over in December, said he remains optimistic about the company's prospects
Tech Mahindra shares ended nearly 4 percent lower on Thursday in Mumbai, after the IT services company posted fiscal first quarter numbers on July 26 that all missed analysts’ estimates. Shares were down as much as 5.4 percent earlier in the day on the Bombay Stock Exchange.
Long-timer MD and CEO CP Gurnani, who is handing over the reins to Mohit Joshi, a former Infosys senior executive, told analysts in a conference on July 26 that the three months ended June 30 constituted “one of the toughest quarters in recent times”.